Entry Strategies using Support & Resistance ZonesBrief video tutorial discussing entry strategies using support and resistance zones. How I produce support & Resistance zones can be learnt from the live stream recording HERE With any trading indicator, it is vitally important to have a sensible entry strategy with entry, stop loss and enough risk to reward to the next support or resistance zone. It is also as important not to fudge your entry and stop to give a decent risk to reward. Frame your charts first with Support & resistance zone, put on your stop and your entry. Then the last thing to do is put on your risk to reward. I cover this in this video and show you how to use the Fibonacci extension tool to work out your risk to rewardEducation04:11by PBratbyOfficial10
RTY (Russell) (4H) : Liquidity run coming!Who wants to bet that RTY (Russel) is setting up for a liquidity run on those juicy equal highs? If that's the case, this could be short term bullish but then bearish. by makuchaku1
Elliott Wave View: Near Term Support for Russell 2000 Futures (RElliott Wave view in Russell (RTY) suggests the rally from September 24 low unfolded as an impulsive Elliott Wave structure. Up from September 24 low (1426.20), wave 1 ended at 1530.80 and wave 2 pullback ended at 1490.70. From there, Index rallied and ended wave 3 at 1617.70 and wave 4 ended at 1563.10. Last leg higher in wave 5 ended at 1651.70. The 5 waves rally ended wave (1) in higher degree. Index is now in wave (2) pullback to correct cycle from September 24 low as a zigzag before the rally resumes. Down from wave (1) high at 1651.70, wave ((i)) ended at 1622.6 and wave ((ii)) bounce ended at 1647.1. Wave ((iii)) ended at 1597.30, wave ((iv)) ended at 1607 and wave ((v)) of A ended at 1595.50. Bounce in wave B has ended at 1648.40. Index is now in wave C lower which subdivides as another 5 waves. Down from wave B at 1648.40, wave ((i)) ended at 1626.80, wave ((ii)) ended at 1648.40, wave ((iii)) ended at 1607.6 and wave ((iv)) ended at 1623.90. Expect another leg lower to end wave ((v)) of C of (2) towards 1557.5 – 1592.14 before Index resumes the rally higher or bounce in 3 waves at least.Longby Elliottwave-Forecast0
RTY MFI close to oversoldThis will definitely pop up once MFI goes oversold, still needs to fill the original COVID gap down.by hungry_hippo2
RTY Short at SupplyRTY experienced an explosive move down from a pivot level which historically has been a favorite pivot point, once being Supply, then becoming demand, etc... Looks like we are currently in Supply mode. Take the Short at supply if price has the strength to retrace Expect 3:1 profit and if possible trail it from supply level to supply level as long as we can Higher timeframe is in a downtrend and RSI weakening at each pivot high encouraging continued weakness and permission to take the short.Shortby ocaptainUpdated 229
Head & Shoulders reversal patternEntry and exit are in the chartShortby UnknownUnicorn12188464Updated 1
RTY1!Huge move in the Russell last couple weeks. Above 1600 and long, but wouldn't be surprises to see a cool off here before a move up to 1700. by tdrake21390
RTY Update 10/9Well, I was all cash and overslept, lol. I'm on the west coast, not waking up at 6am when I'm all cash. I warned everyone last night about "stimulus" news, everything overbought but still rallying. If they agree to a deal over the weekend, we get a huge gap up on Monday, despite all indicators. All other world indices were slightly red, which I expected and I wasn't going to bet against my indicators, so I stayed out. RTY MFI did drop, and it will pop again when MFI gets oversold, so look for another pop next week on stimulus to close the COVID gap. YM (Dow) dropped when it closed the gap, expect the same here. Wish I had bout FTNT or DLTR calls, both were on my radar. Oh well. Also, don;t short on Friday afternoons, market always seems to rally. I think all cash and fade the gap when stimulus news is announced.by hungry_hippo4
RTY (Russell) (4H) Backtest : Break of market structureWinners = 8 Losers = 3 Breakevens = 2 Total Trades = 13 % Non Losers = 77% % Winners = 62% % Breakevens = 15% % Losers = 23% Win/Loss = 267% Net R = 9.8 Avg R/Winner = 1.23 Avg R/trade = 0.75 Bad trades prevented due to presence of liquidity near SL= 26 Icons on the chart Thumbs up : Trade was a win Thumbs down : Trade was a loss Circle with a cross : Trade was breakeven Cross : Did not take the trade due to presence of liquidity behind the stop loss Variables Avg winner = 1.6R Strategy : wait for market structure break, then trade the retest of that zone (against the trapped traders).by makuchaku1
RTY OverboughtSmall Cap Madness, lol. I think it needs a pullback, but maybe they just take it straight to the COVID gap. Note, every other index has closed the original Feb COVID gap,by hungry_hippoUpdated 2